Active Under Contract
Multiple offers received. No more showings at this time. On hold for City approval. Moderate Income housing unit at The Burbank Collection, a condo complex located in the heart of downtown Burbank and next door to shops, eateries, movies and nightlife. This unit features a 650 sf open layout, natural light, central A/C and heating, laundry hookups, assigned garage parking/storage, and outdoor patio access to one of three courtyards. The complex features a gym, pool, lounge, putting green, bbq, fire pit, & bocce ball court. HOA dues include basic DirecTV, water, trash, and gas. Interested buyers must have a household size no greater than 3 persons and be screened by Listing Agent for income-eligibility: 1 person $58,450-$61,400; 2 persons $66,800-$70,150, and 3 persons $75,150-78,950 annual income range of all occupants. Affordable Purchase Price calculation will ultimately be made by the City of Burbank, and considers estimates for monthly HOA dues, utilities, and property tax. 5% minimum down payment, and buyer will assume a silent second loan (adjustable) that does not accrue interest nor require payments, and is forgivable. This qualifying information was provided by the City of Burbank and is deemed reliable but is not guaranteed to be accurate. All information subject to verification. **See supplement for details and process for screening. Must be owner occupied!